Tag Archives: active versus passive debate
15 Years of SPIVA – Where Does the Active Versus Passive Debate Go From Here?
In the inaugural publication of the Journal of Portfolio Management in 1974, Nobel Laureate Paul Samuelson wrote that there is no “brute fact” that “there could exist a subset of decision makers in the market capable of doing better than the averages on a repeatable, sustainable basis.”[1] That article partly inspired John Bogle to launch…
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